Iberdrola S.A. (OTCMKTS:IBDRY) Sees Large Growth in Short Interest

Iberdrola S.A. (OTCMKTS:IBDRY) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 36,128 shares, an increase of 70.7% from the April 30th total of 21,168 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 271,433 shares, the short-interest ratio is currently 0.1 days.

Iberdrola Trading Down 0.4%

IBDRY traded down $0.36 during mid-day trading on Wednesday, hitting $90.50. The stock had a trading volume of 14,229 shares, compared to its average volume of 99,382. The stock’s fifty day simple moving average is $92.26 and its 200-day simple moving average is $89.51. The firm has a market capitalization of $152.90 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 2.28 and a beta of 0.64. Iberdrola has a 1-year low of $69.66 and a 1-year high of $96.50. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.87 and a quick ratio of 0.78.

Iberdrola (OTCMKTS:IBDRY) last released its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.04). The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.62 billion. Iberdrola had a net margin of 13.40% and a return on equity of 9.88%. As a group, research analysts forecast that Iberdrola will post 4.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Erste Group Bank lowered shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. The Goldman Sachs Group reissued a “neutral” rating on shares of Iberdrola in a report on Friday, February 27th. Finally, Barclays raised Iberdrola from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 26th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Iberdrola Company Profile

Iberdrola, SA is a Spanish multinational electric utility headquartered in Bilbao that develops, produces and supplies electricity and related energy services. The company’s core activities span electricity generation across a diverse mix of assets, transmission and distribution network ownership and operation, and retail supply to residential, commercial and industrial customers. Iberdrola also offers energy management and digital solutions aimed at improving efficiency and integrating distributed and renewable resources.

Renewable energy is a central focus of Iberdrola’s business strategy, with significant investments in wind (onshore and offshore), hydroelectric and solar power and in the modernization of grids to accommodate increasing shares of intermittent generation.